BCB Bancorp (NASDAQ:BCBP) PT Lowered to $12.00 at Keefe, Bruyette & Woods

BCB Bancorp (NASDAQ:BCBP) had its price target lowered by Keefe, Bruyette & Woods from $14.00 to $12.00 in a research report sent to investors on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Other equities analysts have also recently issued reports about the company. Piper Sandler raised their price objective on BCB Bancorp from $13.00 to $13.50 and gave the company a neutral rating in a research note on Tuesday, January 30th. TheStreet cut BCB Bancorp from a b- rating to a c+ rating in a research note on Tuesday, February 20th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $12.75.

BCB Bancorp Price Performance

Shares of BCBP opened at $9.44 on Tuesday. BCB Bancorp has a 12-month low of $9.19 and a 12-month high of $13.90. The business’s fifty day moving average is $10.22 and its 200 day moving average is $11.25. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.77. The stock has a market cap of $160.01 million, a P/E ratio of 6.05 and a beta of 0.58.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Thursday, January 25th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). BCB Bancorp had a return on equity of 9.78% and a net margin of 13.41%. The firm had revenue of $27.15 million during the quarter, compared to the consensus estimate of $27.33 million. Sell-side analysts anticipate that BCB Bancorp will post 1.4 earnings per share for the current fiscal year.

BCB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date is Thursday, May 2nd. BCB Bancorp’s payout ratio is 41.03%.

Institutional Investors Weigh In On BCB Bancorp

A number of hedge funds have recently made changes to their positions in BCBP. Strs Ohio raised its stake in shares of BCB Bancorp by 407.9% during the 3rd quarter. Strs Ohio now owns 38,600 shares of the bank’s stock worth $430,000 after purchasing an additional 31,000 shares during the period. LSV Asset Management raised its stake in shares of BCB Bancorp by 21.0% during the 4th quarter. LSV Asset Management now owns 177,191 shares of the bank’s stock worth $2,277,000 after purchasing an additional 30,800 shares during the period. Bailard Inc. bought a new stake in shares of BCB Bancorp during the 3rd quarter worth $267,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of BCB Bancorp during the 3rd quarter worth $184,000. Finally, Quadrature Capital Ltd bought a new stake in shares of BCB Bancorp during the 4th quarter worth $178,000. 36.00% of the stock is currently owned by institutional investors.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.